Option is actually an investment tool, which can buy and sell specific securities, commodities, interest rates and so on at a specific time. In fact, the difference between spot options and futures options lies in delivery. In fact, when the spot option is executed when the relevant option contract expires, the deliverable is spot or physical. A futures option, that is, its delivery is a futures contract.

Forward market refers to the OTC market where the format of the transaction contract is not fixed (generally, the buyers and sellers decide the contents of the contract by themselves, and in some cases, this contract is tailor-made by financial institutions to help customers).

The futures market refers to the on-site trading market in which trading contracts are fully formatted.